Petronet LNG invites bids to lease out two LNG storage tanks for two years

In a bid to make Kochi an economically viable proposition, Petronet LNG has invited bids to lease out under-utilised storage tanks at its recently commissioned LNG import facility at Kochi in Kerala for two years. The company operates the 5 million tonne-a-year Kochi terminal at a sub-optimal 5 per cent of capacity because of a delay in laying of pipelines connecting the port to consumption centres in Karnataka and Tamil Nadu. Petronet LNG is one of the leading players in oil and natural gas industry space. It has India’s first and largest LNG supply terminal located at Dahej.